meadwestvaco corp (MVA) Related Businessweek News

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meadwestvaco corp (MVA) Details

MeadWestvaco Corporation provides packaging solutions to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries worldwide. The company operates through Food & Beverage; Home, Health & Beauty; Industrial; Specialty Chemicals; and Community Development and Land Management segments. The Food & Beverage segment offers packaging materials and paperboards, and beverage packaging machinery, as well as engages in the carton design and converting operations. It serves the food, food service, beverage, dairy, and tobacco end markets. The Home, Health & Beauty segment designs and produces pumps, flip-top and applicator closures, plastic packaging material, trigger sprayers, aerosol actuators, hose-end sprayers, and spouted and applicator closures for the personal care, fragrance, home care, lawn and garden, prescription drug, and healthcare end markets. The Industrial segment designs and produces corrugated packaging materials and solutions, virgin kraftliner, recycled material medium paperboards, and containerboards, as well as converts the boards and raw materials to corrugated packaging primarily for produce, meat, consumer products, and bulk goods. The Specialty Chemicals segment manufactures, markets, and distributes specialty chemicals, including performance chemicals used in printing inks, asphalt paving, and adhesives as well as in the agricultural, paper, and petroleum industries; and activated carbon products used in gas vapor emission control systems for automobiles and trucks, as well as applications for air, water, and food purification. The Community Development and Land Management segment develops and sells real estate properties; and entitles and improves tracts, as well as is involved in the planning of landholdings. The company sells its products through sales force, and paperboard merchants and distributors. MeadWestvaco Corporation was founded in 1888 and is headquartered in Richmond, Virginia.

meadwestvaco corp (MVA) Key Developments

MeadWestvaco Corporation and Rock-Tenn Company announced the executive leadership team for the combined company following the completion of the transaction. Steve Voorhees will serve as the new company’s chief executive officer and John Luke will be non-executive chairman of the board. The executive leadership team announced includes: Bob Beckler, president, Packaging Solutions; Nina Butler, chief sustainability officer; Ward Dickson, chief financial officer; Pete Durette, chief strategy officer; Jennifer Graham-Johnson, chief human resources officer; Bob McIntosh, general counsel; Jim Porter, president, Paper Solutions; and Linda Schreiner, chief integration officer. Ed Rose, president, Specialty Chemicals, and Ken Seeger, president, Community Development and Land Management, will continue in their current leadership roles and report to Voorhees. Bob Beckler, president, Packaging Solutions, is currently executive vice president, MWV, and president of packaging. Nina Butler, chief sustainability officer, is currently senior vice president and senior environmental counsel, RockTenn. Ward Dickson, chief financial officer, is currently executive vice president and chief financial officer, RockTenn. Pete Durette, chief strategy officer, is currently senior vice president of strategy, MWV, and leader of the Home, Health & Beauty segment. Jennifer Graham-Johnson, chief human resources officer, is currently executive vice president, human resources, RockTenn. Bob McIntosh, general counsel, is currently executive vice president, general counsel and secretary, RockTenn. Jim Porter, president, Paper Solutions, is currently in the same role at RockTenn, leading the company’s containerboard, paperboard and pulp mills, as well as the forest resources organization, recycling business and sales of containerboard, paperboard, recycled fiber and pulp. Linda Schreiner, chief integration officer, is currently senior vice president, human resources, communications and the MWV Foundation, MWV.

Levi & Korsinsky notifies investors of MeadWestvaco Corp. of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the company in connection with the sale of the Company to Rock-Tenn Company. A complaint was filed in Delaware state court. Under the terms of the transaction, MWV shareholders will receive 0.78 shares of Rock-Tenn common stock for each common share of MWV they own. The proposed transaction is valued at approximately $9.7 billion. The claims concern whether the Board of MWV breached their fiduciary duties to stockholders by failing to adequately shop the company before agreeing to enter into this transaction, and whether Rock-Tenn is underpaying for MWV shares.

MeadWestvaco Corporation Appoints Naveen Ganzu as Managing Director for its Operations in India

Jan 29 15

MeadWestvaco Corporation has appointed Naveen Ganzu as managing director for its operations in India. Mr. Ganzu will be responsible for leading MWV's paperboard and industrial packaging business in India, and will also work closely with the company's global consumer packaging businesses to expand growth in India. He will report directly to executive vice president Robert Feeser. Mr. Ganzu has three decades of experience in the industry, including as president of Motherson Sumi Systems and setting up Weir India as Managing Director and Country Head. He strategically led Weir to a leadership position in the Indian market, using a mix of organic and inorganic growth drivers.

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